Conn. AG sues Moody's, S&P over ratings

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Conn. AG sues Moody's, S&P over ratings (3/10/2010)

Connecticut's attorney general sued Moody's Investors Service and Standard & Poor's over ratings the pair issued on risky investments.In a civil lawsuit filed Wednesday, Attorney General Richard Blumenthal alleged Moody's and S&P knowingly assigned false ratings to complex investments that pushed the country into recession.The suit, which Mr. Blumenthal called the first of its kind against ratings agencies, is being brought under Connecticut's unfair trade practices law. The attorney general is

Source:	Crains
Full post can be read on:	http://www.crainsny.com/
Homepage:	http://www.crainsny.com/

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